Trading in the U.S. index futures points to a modestly positive start on Wall Street on Tuesday even as traders look ahead to the results of the midterm elections scheduled for the day. The results have implications for the policies of the government and in turn spending.
U.S.-listed Chinese stocks are advancing in premarket trading on Monday, largely ignoring weak trade data out of the country that showed exports recorded their first year-over-year drop since May 2020.
U.S. index futures were all in the green on Monday morning, indicating that Wall Street may start the week on a moderately positive note.
Monday’s economic calendar is light and doesn’t boast of any major market-moving data or reports. Traders could show apprehension ahead of the Nov. 8 midterm elections and the consumer price inflation report due on Thursday.